PLEASANTON, Calif.--(BUSINESS WIRE)--IronPlanet®,
the leading online marketplace for buying and selling used heavy
equipment, will celebrate the 14th anniversary of its first
auction this week.

“We’re excited to celebrate 14 years of growth since our first online
auction,” said Greg Owens, CEO, IronPlanet. “We have attracted more than
one million registered users around the globe and sold more than $3.5
billion of equipment over the Internet. Our success is based on our
customers’ recognition that IronPlanet offers the industry’s most
efficient and timely way to buy and sell used heavy equipment.”

IronPlanet held its first online auction March 23, 2000 which consisted
of one seller, 32 bidders and 22 items within the construction industry.
This year, IronPlanet held a four-day online auction that featured 406
sellers, 2,996 unique bidders from 78 countries and 1,795 items sold.

Today, IronPlanet offers multiple ways for customers to buy and sell
used equipment. It holds weekly online auctions in North America,
monthly online auctions in Europe and hosts a global Daily Marketplace
reserved auction. And through its strategic relationship with Mascus,
sellers listing products on Mascus’ global sites can now move their
equipment from listing to auction on IronPlanet with the click of a
mouse.

IronPlanet has also expanded into new asset categories since its first
online auction. IronPlanet acquired Asset Appraisal Services and
launched TruckPlanet in 2013 to better serve the truck market. In less
than a year, TruckPlanet has sold more than $50 million of trucks and
registered over 50,000 new prospective truck buyers. IronPlanet has also
formed strategic relationships with GraysOnline in Australia and Clear
Asset in South Africa to better serve the global mining industry.
Additionally, IronPlanet has successfully expanded into the crane
industry, highlighted by the sale of a $3 million walking dragline last
year.

IronPlanet has also added numerous value-added services to enhance the
user experience since its inception. IronPlanet now offers appraisal
services to help sellers determine the fair market value of their
equipment, as well as transportation services and equipment financing
for buyers.

IronPlanet is a leading online marketplace for used heavy equipment. Our
sellers achieve more profitable sales through low transaction costs and
better price realization through a global audience of buyers. Our
guaranteed inspection reports and exclusive IronClad Assurance® enable
buyers to bid with a high degree of confidence. IronPlanet is backed by
Accel Partners, Kleiner Perkins Caufield and Byers, Caterpillar, Komatsu
and Volvo. For more information, visit www.ironplanet.com.